How many decades the petrol can be taken from Earth, Is there alternative implemented?

Question

The Available petrol from the Earth will cease in certain period.
Even the underground water can not be taken even 500 feets drilled, though underground water resource can be increased. But the petrol is given limited, it can not be increased. Is there alternative for petroleum products in future, is there any where implemented in use.

Answer 1

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Answer 2

There is no shortage of oil in the foreseeable future. There IS however, a shortage of CHEAP oil. When oil goes past a certain price per barrel, it will become cost effective to tap oil reserves that have previously been untapped, and we can also more efficiently extract oil from places previously drilled. It will just be more costly.

As creating energy from petrol becomes more costly, other ways of creating energy may become more feasible. This can be good or bad.

It is becoming more costly to create petrol from oil already. If the price of oil gets too high, it will be more cost effective to create petrol from coal - a very ecologically messy way to get petrol. Also, nuclear energy begins to look more attractive. In China for instance, they are planning 27 new nuclear power plants in the next 10 years, and coal burning furnaces are being built there weekly.

An upside, is that huge corporations, like GE, are starting to seriously look into more earth friendly means to create energy. Solar power, for instance, is highly inefficient (we can only harness a small fraction of the available power from the sun, even with the most expensive solar panels available). But if producing energy from petrol becomes more expensive, such alternative means of energy production become more feasible.

So the concern is not so much the shortage of oil, but the lack of eco-friendly alternatives to cheap oil.

Answer 3

The estimated period of oil on earth is about 100 years. This is really a sad fact. The other solutions (Wind Energy, Solar Energy, Earth heat extraction, etc.) are too expensive to be the normal common sources.
The only economic source is the nuclear power stations which put us in a bad situation for expectation of using the technology in producing nuclear weapons.

Answer 4

interesting question.

It is not coincidence that the majority of oil is found in the hottest part of the world. okay call it gods wisdom! oil in the earth is a natural huge heat sink like in a engine. Is it so odd we are getting warmer?

Answer 5

right now 40 years is the upper limit....

and yes they are working on alternative.

Answer 6

As long as petrol usage does not spoil environment, it is abundant